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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Venkie who wrote (69373)10/5/1998 8:49:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Well sheeesh Donnie,I remember the same thing happening to Greg and I
only last October.Hang in there.



To: Venkie who wrote (69373)10/5/1998 8:54:00 PM
From: freeus  Respond to of 176387
 
Oh Donnie it was an awful day. I cant day trade (too lousy at it and cant at work anyway) but any short term thing I've done lately has been wrong.
I know what you mean about shorting anything when it reaches its high: I'm beginning to think the same thing...or sell calls anyway or buy puts.
Cisco was a total shocker.
And I wish the govt would keep away from business!
Oh well.
How long until Friday evening?????
Freeus.
Hope we all survive this week.



To: Venkie who wrote (69373)10/5/1998 9:02:00 PM
From: LWolf  Respond to of 176387
 
Venkie... I really appreciated your candor.
This is not an easy time for any of us.
We're all going through this market turmoil in a multitude of unsettling ways.

Laura



To: Venkie who wrote (69373)10/5/1998 9:02:00 PM
From: Paul A  Respond to of 176387
 
strange.. the reason im buying stocks on the long side is for that very reason. Everyone has become a bear! Its similar to last year when everyone was a bull, and they all knew the market inside out and every which way.. if it dropped a point or two? no problem! simply hold over night and it will gap up a point or two tomorrow.. never failed!

another thing that attracted me to DELL again is this damn 'dell is gonna fall next' attitude.

DELL is a perfectly tuned machine. You pay a premium for the privledge of owning shares. That premium will ALWAYS be there until they show signs of weakness like many predict LU and CSCO soon will. When that day comes I either sell or short. That day isnt very near, and if things DO in fact go down that path DELL will still command its premium since it will probably be one of the few profitable companies in our country.

Gee, ill go short a stock despite mr dells repeated optimism, earnings revisions (upwards as usual), and a very oversold nasdaq at least if only temporarily. Today was a gift for buyers. Lots of new shorts who will soon be longs. :)




To: Venkie who wrote (69373)10/5/1998 9:20:00 PM
From: larry  Read Replies (1) | Respond to of 176387
 
Your post is a very encouraging sign for the DELL bulls because, like you said, when a big bull turns truly bearish, then it's a great sign that the market is about to rally.

CSCO is really shaking off the confidence of lots of bulls. I guess that lots of people on this thread is questioning when it will be DELL & MSFT's turn to have a bloodletting day? However, if that day comes, that will probably marks the end of the second leg of the market correction.

I was predicting NASDAQ testing 1460 about two weeks ago. Well, the market rallied so we never truly formed a double bottom. I think that it's time to heavily use margin when that day comes (NASDAQ down to mid 1400s and DELL dropping 7-8 points).

good luck,
larry!



To: Venkie who wrote (69373)10/5/1998 9:23:00 PM
From: Gold Beach  Read Replies (1) | Respond to of 176387
 
Venkie:
I know how you feel about tech stocks. I have been watching my overall retirement stash drop and drop and drop, particularly PSFT. Last Friday it and OCR (Omnicare) had big drops and I decided to stop the bleeding.I have held CSCO for about 4 years now and sold all of it except 15% that is not tax sheltered. Also sold all of NETA, PSFT, ATI, and DELL. This is totally unlike me and all weekend I felt glum about abandoning my tech stock retirement plan. The only reason I did it was because we have a worldwide financial problem. All the previous CSCO and DELL stock dips had to do with herd mentality on PC sales, decreased chip sales, etc. I think the thought process now is that regardless of present sales and profits, these figures down the road will erode regardless of what anyone says.
Also the people buying on dips will be drying up (running out of money). I am going to force myself to sit on the sidelines and wait until this thing sorts itself out. Also, I am 62 years old and have to preserve my stash. Anybody's thoughts are appreciated.



To: Venkie who wrote (69373)10/6/1998 2:06:00 AM
From: Sig  Read Replies (1) | Respond to of 176387
 
<<<I am actually getting very bearish but that may be a bullish sign.>>>
Outside of Dell am a bit of bear myself,bought puts on various
stocks, hwp, cci, etc. Hoping to relieve a bit of pain from market
action. a bit like taking baby aspirin for a broken leg.
<<< been through this before and my wishful thinking only cost tens of thousands of dollars.
Was down by 100k last Oct, never doubted Dell at all,disgusted with Asia. No more tea, chop-suey, chow-mein,etc for months.
<<<<< I am going to spend some quite time with my Higher Power>>>
UUUUUUUUUUUUUUUMMMMMMMMMMMMMMMHHHHH
<<< I think a good rule of thumb should be every time my investments hit an all time high then I should short it>>>
Have found it impossible to find all time high on Dell.
Had one in June, July of 1997, then it just kept going up
Had another rise from Oct to Feb, looked real high, sell for double , put cash in bank . WRONG. Its more than doubled since then.
I don't know anything about shorting, but bought 22 Dell outs last year,just couldn't live like that, sold them after a few days
>>>> big chunk of Csco Friday and sold all but a couple of shs...Thank God.>>>
Sold 2/3 ds of my csco this morning. Bad words being passed
around on it.
<<< hate is when folks say .."hey it will come back".>>>
When a stock starts down setting lower lows and lower highs
for maybe three times ,they seldom come back. Want a list???? Wdc, Seg, qntm,asmlf,asmif,phg,rdrt,jbl,cpq, (and about 2000 more)

<<< Dell and no margin.>>>
Paradise.
Fall coming on, bear season soon. Reload with buckshot, sharpen teeth on Victor traps, find old crows for bait.(sometimes don't need bait, they just walk right into them traps)g.
Sig